XML 40 R30.htm IDEA: XBRL DOCUMENT
v3.25.3

FAIR VALUE OF FINANCIAL INSTRUMENTS (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
FAIR VALUE OF FINANCIAL INSTRUMENTS |
Schedule of assets and liabilities measured at fair value on a recurring and non-recurring basis | Assets and liabilities measured at fair value on a recurring and non-recurring basis are summarized below (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurement using:
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets | ​ | Other | ​ | Significant
​ | ​ | Carrying | ​ | For Identical | ​ | Observable | ​ | Unobservable
​ |  | Amount |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3)
At September 30, 2025 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Recurring Fair Value Measurements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agency securities | ​ | $ | 37,852 | ​ | $ | — | ​ | $ | 37,852 | ​ | $ | —
U.S. State and Municipal securities | ​ | ​ | 9,640 | ​ | ​ | — | ​ | ​ | 9,640 | ​ | ​ | —
Residential mortgage securities | ​ | ​ | 458,925 | ​ | ​ | — | ​ | ​ | 458,925 | ​ | ​ | —
Commercial mortgage securities | ​ | ​ | 43,618 | ​ | ​ | — | ​ | ​ | 43,618 | ​ | ​ | —
Asset-backed securities | ​ | ​ | 2,406 | ​ | ​ | — | ​ | ​ | 2,406 | ​ | ​ | —
CRA Mutual Fund | ​ | ​ | 5,548 | ​ | ​ | 5,548 | ​ | ​ | — | ​ | ​ | —
Derivative assets | ​ | ​ | 941 | ​ | ​ | — | ​ | ​ | 941 | ​ | ​ | —
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative liabilities | ​ | ​ | 4,712 | ​ | ​ | — | ​ | ​ | 4,712 | ​ | ​ | —
Non-Recurring Fair Value Measurements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Collateral dependent loans | ​ | ​ | 36,435 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 36,435
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | Fair Value Measurement using:
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets | ​ | Other | ​ | Significant
​ | ​ | Carrying | ​ | For Identical | ​ | Observable | ​ | Unobservable
​ |  | Amount |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3)
At December 31, 2024 | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Recurring Fair Value Measurements: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Assets | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
U.S. Government agency securities | ​ | $ | 63,752 | ​ | $ | — | ​ | $ | 63,752 | ​ | $ | —
U.S. State and Municipal securities | ​ | ​ | 9,500 | ​ | ​ | — | ​ | ​ | 9,500 | ​ | ​ | —
Residential mortgage securities | ​ | ​ | 363,068 | ​ | ​ | — | ​ | ​ | 363,068 | ​ | ​ | —
Commercial mortgage securities | ​ | ​ | 43,128 | ​ | ​ | — | ​ | ​ | 43,128 | ​ | ​ | —
Asset-backed securities | ​ | ​ | 2,637 | ​ | ​ | — | ​ | ​ | 2,637 | ​ | ​ | —
CRA Mutual Fund | ​ | ​ | 5,109 | ​ | ​ | 5,109 | ​ | ​ | — | ​ | ​ | —
Derivative assets | ​ | ​ | 919 | ​ | ​ | — | ​ | ​ | 919 | ​ | ​ | —
Liabilities | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Derivative liabilities | ​ | ​ | 1,539 | ​ | ​ | — | ​ | ​ | 1,539 | ​ | ​ | —
Schedule of assets and liabilities not measured at fair value | Carrying amounts and estimated fair values of financial instruments not carried at fair value were as follows (in thousands):
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurement Using: | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets | ​ | Other | ​ | Significant | ​ | ​ | ​
​ | ​ | Carrying | ​ | For Identical | ​ | Observable | ​ | Unobservable | ​ | Total Fair
At September 30, 2025 |  | Amount |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3) |  | Value
Financial Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from banks | ​ | $ | 13,109 | ​ | $ | 13,109 | ​ | $ | — | ​ | $ | — | ​ | $ | 13,109
Overnight deposits | ​ | ​ | 372,827 | ​ | ​ | 372,827 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 372,827
Securities held-to-maturity | ​ | ​ | 376,447 | ​ | ​ | — | ​ | ​ | 329,762 | ​ | ​ | — | ​ | ​ | 329,762
Loans, net | ​ | ​ | 6,687,464 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 6,767,193 | ​ | ​ | 6,767,193
Other investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FRB Stock | ​ | ​ | 11,410 | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A
FHLB Stock | ​ | ​ | 13,922 | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A
Disability Fund | ​ | ​ | 1,500 | ​ | ​ | — | ​ | ​ | 1,500 | ​ | ​ | — | ​ | ​ | 1,500
Time deposits at banks | ​ | ​ | 498 | ​ | ​ | 498 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 498
Accrued interest receivable | ​ | ​ | 35,932 | ​ | ​ | — | ​ | ​ | 2,163 | ​ | ​ | 33,769 | ​ | ​ | 35,932
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-interest-bearing demand deposits | ​ | $ | 1,382,345 | ​ | $ | 1,382,345 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,382,345
Money market and savings deposits | ​ | ​ | 5,539,944 | ​ | ​ | 5,539,944 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,539,944
Time deposits | ​ | ​ | 150,470 | ​ | ​ | — | ​ | ​ | 150,496 | ​ | ​ | — | ​ | ​ | 150,496
Federal funds purchased | ​ | ​ | 125,000 | ​ | ​ | — | ​ | ​ | 125,000 | ​ | ​ | — | ​ | ​ | 125,000
Federal Home Loan Bank of New York advances | ​ | ​ | 150,000 | ​ | ​ | — | ​ | ​ | 150,036 | ​ | ​ | — | ​ | ​ | 150,036
Trust preferred securities | ​ | ​ | 20,620 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,016 | ​ | ​ | 20,016
Accrued interest payable | ​ | ​ | 2,253 | ​ | ​ | 918 | ​ | ​ | 992 | ​ | ​ | 343 | ​ | ​ | 2,253
Secured and other borrowings | ​ | ​ | 17,355 | ​ | ​ | — | ​ | ​ | 17,355 | ​ | ​ | — | ​ | ​ | 17,355
​
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Fair Value Measurement Using: | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Quoted Prices | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | in Active | ​ | Significant | ​ | ​ | ​ | ​ | ​ | ​
​ | ​ | ​ | ​ | ​ | Markets | ​ | Other | ​ | Significant | ​ | ​ | ​
​ | ​ | Carrying | ​ | For Identical | ​ | Observable | ​ | Unobservable | ​ | Total Fair
At December 31, 2024 |  | Amount |  | Assets (Level 1) |  | Inputs (Level 2) |  | Inputs (Level 3) |  | Value
Financial Assets: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Cash and due from banks | ​ | $ | 13,078 | ​ | $ | 13,078 | ​ | $ | — | ​ | $ | — | ​ | $ | 13,078
Overnight deposits | ​ | ​ | 187,190 | ​ | ​ | 187,190 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 187,190
Securities held-to-maturity | ​ | ​ | 428,557 | ​ | ​ | — | ​ | ​ | 366,719 | ​ | ​ | — | ​ | ​ | 366,719
Loans, net | ​ | ​ | 5,970,803 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 5,878,582 | ​ | ​ | 5,878,582
Other investments | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
FRB Stock | ​ | ​ | 11,410 | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A
FHLB Stock | ​ | ​ | 17,228 | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A | ​ | ​ | N/A
Disability Fund | ​ | ​ | 1,500 | ​ | ​ | — | ​ | ​ | 1,500 | ​ | ​ | — | ​ | ​ | 1,500
Time deposits at banks | ​ | ​ | 498 | ​ | ​ | 498 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 498
Accrued interest receivable | ​ | ​ | 33,209 | ​ | ​ | — | ​ | ​ | 2,105 | ​ | ​ | 31,104 | ​ | ​ | 33,209
​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Financial Liabilities: | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​ | ​
Non-interest-bearing demand deposits | ​ | $ | 1,334,054 | ​ | $ | 1,334,054 | ​ | $ | — | ​ | $ | — | ​ | $ | 1,334,054
Money market and savings deposits | ​ | ​ | 4,523,522 | ​ | ​ | 4,523,522 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 4,523,522
Time deposits | ​ | ​ | 125,397 | ​ | ​ | — | ​ | ​ | 125,288 | ​ | ​ | — | ​ | ​ | 125,288
Federal funds purchased | ​ | ​ | 210,000 | ​ | ​ | — | ​ | ​ | 210,000 | ​ | ​ | — | ​ | ​ | 210,000
Federal Home Loan Bank of New York advances | ​ | ​ | 240,000 | ​ | ​ | — | ​ | ​ | 240,000 | ​ | ​ | — | ​ | ​ | 240,000
Trust preferred securities | ​ | ​ | 20,620 | ​ | ​ | — | ​ | ​ | — | ​ | ​ | 20,024 | ​ | ​ | 20,024
Accrued interest payable | ​ | ​ | 1,809 | ​ | ​ | 12 | ​ | ​ | 1,436 | ​ | ​ | 361 | ​ | ​ | 1,809
Secured and other borrowings | ​ | ​ | 7,441 | ​ | ​ | — | ​ | ​ | 7,441 | ​ | ​ | — | ​ | ​ | 7,441
​ ​

X
- Definition Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 3: http://www.xbrl.org/2003/role/exampleRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 100 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482078/820-10-55-100 Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-3 + Details
Name: | us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information about fair value of asset and liability not measured at fair value. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2E -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2E + Details
Name: | us-gaap_FairValueDisclosureOfAssetAndLiabilityNotMeasuredAtFairValueTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- References No definition available. + Details
Name: | us-gaap_FairValueDisclosuresAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration